Kalshi see valuation double to $22B after $1B raise as prediction markets boom
Kalshi's valuation doubled to $22 billion after securing $1 billion in Series F funding from major investors including Coatue, Andreessen Horowitz, and Sequoia Capital. The regulated prediction market platform now generates $1.5 billion annualized revenue. However, it faces 19 federal lawsuits over gambling law violations and mounting political scrutiny, prompting regulatory hiring to strengthen Washington relationships.
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